Quantbot Technologies LP Acquires Shares of 52,975 D.R. Horton, Inc. (NYSE:DHI)

Quantbot Technologies LP acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 52,975 shares of the construction company's stock, valued at approximately $7,407,000.

Other hedge funds also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton during the 3rd quarter worth $1,853,178,000. FMR LLC lifted its stake in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $98,720,000. Amundi increased its stake in shares of D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company's stock valued at $190,014,000 after purchasing an additional 555,122 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $72,672,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 0.5 %

D.R. Horton stock traded up $0.64 during trading hours on Tuesday, reaching $130.99. The company had a trading volume of 1,399,815 shares, compared to its average volume of 3,717,776. The company has a 50-day moving average price of $134.26 and a 200 day moving average price of $156.43. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market cap of $41.28 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.54 and a beta of 1.80.

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D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. D.R. Horton's quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Barclays decreased their target price on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $170.93.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.